Latest news with #equipmentrental
Globe and Mail
5 days ago
- Business
- Globe and Mail
United Rentals Reports Strong Q2 2025 Results
United Rentals ( (URI)) has released its Q2 earnings. Here is a breakdown of the information United Rentals presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. United Rentals, Inc. is the world's largest equipment rental company, operating across North America, Europe, Australia, and New Zealand, providing a wide range of rental equipment to construction, industrial, and other sectors. In its latest earnings report, United Rentals announced a strong performance for the second quarter of 2025, with total revenue reaching $3.943 billion and a net income of $622 million. The company also raised its full-year guidance and increased its planned share repurchases by $400 million to $1.9 billion. Key financial highlights include a 6.2% year-over-year increase in rental revenue, a 3.3% rise in fleet productivity, and an adjusted EBITDA of $1.810 billion. The company's specialty rentals segment saw a significant 14.0% revenue growth, while the general rentals segment increased by 2.7%. Despite a slight decrease in net income margin due to inflation and cost variability, United Rentals maintained a solid financial position with a net leverage ratio of 1.8x and total liquidity of $2.996 billion. Looking ahead, United Rentals remains optimistic about its growth prospects, driven by strong customer demand and strategic capital allocation, as it continues to focus on delivering value to shareholders through profitable growth and enhanced free cash flow.
Yahoo
6 days ago
- Business
- Yahoo
Herc Holdings Inc. (HRI): A Bull Case Theory
We came across a bullish thesis on Herc Holdings Inc. on by sag301. In this article, we will summarize the bulls' thesis on HRI. Herc Holdings Inc.'s share was trading at $136.65 as of July 18th. HRI's trailing and forward P/E were 30.50 and 10.58 respectively according to Yahoo Finance. A close-up of industrial machinery used for steel production, the sparks flying off the sides. Herc Holdings (HRI), the third-largest player in the North American equipment rental market, has strengthened its competitive position with the acquisition of H&E, expanding its network to 600 branches and securing a leading presence in most major rental markets. With a 6% market share and diversified exposure across non-residential, infrastructure, industrial, and commercial segments, HRI has evolved significantly since its spin-off from Hertz, adopting operational discipline similar to leaders Ashtead (AHT) and United Rentals (URI). Industry consolidation and improved pricing discipline, underpinned by tools like Rouse Analytics, have structurally improved returns and operational resilience. The big three players benefit from procurement advantages, superior fleet utilization, and the ability to meet the complex demands of large contractors, with customer relationships reinforced by reliability and service responsiveness. Rental penetration in the U.S. continues to rise, especially in specialty equipment, which offers higher margins, faster growth, and greater stickiness. HRI is positioned to benefit from sustained demand driven by U.S. mega projects and infrastructure spending, with national accounts already contributing nearly half of its revenue. The company's M&A strategy, focused on specialty assets, has been value accretive, with acquisitions typically devaluing to 3.5–4.5x EBITDA post-synergy. Despite having the narrowest moat of the top three, HRI trades at an attractive 8x FY26 earnings, offering mid-single-digit rental growth and margin expansion. Its diversified end markets, variable cost structure, and improved capital discipline provide resilience in downturns, while potential strategic interest from private equity or larger peers offers downside support. Synergies from the H&E deal, robust construction activity, and policy-driven infrastructure spending serve as near-term catalysts. Previously we covered a bullish thesis on Hertz Global Holdings, Inc. (HTZ) by Bill Ackman on X in May 2025, which highlighted an improving car rental industry structure, operational turnaround, and asset value upside. The stock has appreciated about 6.80% since, as the thesis began to play out. The thesis remains intact. sag301 shares a similar view on HRI, stressing its scale, structural tailwinds, and valuation. Herc Holdings Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held HRI at the end of the first quarter which was 32 in the previous quarter. While we acknowledge the potential of HRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
Globe and Mail
7 days ago
- Business
- Globe and Mail
United Rentals Declares Quarterly Cash Dividend
United Rentals, Inc. (NYSE: URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.79 per share of URI common stock. The dividend will be payable on August 27, 2025 to stockholders of record as of August 13, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,615 rental locations in North America, 40 in Europe, 39 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $22.09 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at
Globe and Mail
10-07-2025
- Business
- Globe and Mail
United Rentals, Inc. Second Quarter 2025 Conference Call and Audio Webcast Thursday, July 24, 2025 at 8:30 a.m. (ET)
United Rentals, Inc. (NYSE: URI) will hold its second quarter 2025 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, July 24, 2025 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at where it will be archived until the next earnings call. The call is also accessible by dialing 800-579-2568 (international: 785-424-1222). The replay number for the call is 402-220-6053. The passcode for both the conference call and the replay is 72612. The company's second quarter 2025 press release will be issued and available at after the market close on Wednesday, July 23, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,601 rental locations in North America, 39 in Europe, 38 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,300 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $21.21 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at
The Independent
17-06-2025
- Business
- The Independent
Ashtead reveals profit dip amid weaker demand for used equipment
Equipment rental firm Ashtead has revealed a dip in profits and revenues on the back of weaker demand for used construction gear. The FTSE 100 company said this was partly offset by higher rental revenues although this growth also slowed amid pressure on the US construction sector. The update comes as Ashtead prepares to shift its primary stock market listing to New York from the start of the year, with plans to also change its name to Sunbelt. On Tuesday, Ashtead told shareholders that group revenues dropped by 1% to 10.8 billion dollars (£7.96 billion) for the year to April 30, compared with the previous year. It came after revenues dropped by 4% over the final quarter of the year despite an increase in rental sales. It also reported that pre-tax profits slipped by 5% to 2 billion dollars (£1.47 billion) for the year. Ashtead reported that its largest business division, North American general tools, grew by 1% over the year, as it received a boost of between 25 and 30 million dollars due to hurricane response works. Brendan Horgan, chief executive of the group, said: 'The group delivered record full-year rental revenue and adjusted earnings, with growth of 4% and 3% respectively. 'I'd like to thank the team for these results, while leading with our safety-first culture and engage for life programme, which are continuing to drive improvements in our safety metrics.' Chris Beauchamp, chief market analyst at IG, said: 'Ashtead has always been an interesting way for UK investors to get exposure to US economic growth, and it has certainly delivered impressive returns over the last decade. 'After nearly halving from last December's highs the shares seem to have found their footing, and while a US recession remains the major risk to the growth story there is still a lot to like in this morning's numbers.'
